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Trading Platform
Latest Headlines
Latest Headlines
Update: Aleynikov trial turns on open source issues
The drama is heavy in the trial of Sergey Aleynikov, the Goldman Sachs programmer who has been criminally charged with theft of proprietary code. He faces up to 25 years in prison if convicted. The
NYSE touts a milestone
So how low are we going to go? The NYSE Euronext is touting a new speed milestone: It says its ARCA electronic trading unit is now executing roundtrip trades in just 650 microseconds for
BlackRock to launch platform
The buy-side is rearing its head as aggressively as ever. According to the Financial Times , the world's largest asset manager is bent on building out its own in-house trading platform. It has tapped Minder Cheng--love that first name--who will join the firm as part of the acquisition of Barcla
NYSE Euronext as an SaaS infrastructure provider
We've pretty much gotten used to the idea of NYSE Euronext as a top-shelf IT solutions provider. It certainly is not slowing down. It seems to be bent on making an all-out move to become a leading
Bank of America, Merrill Lynch integrate trading
The Bank of America-Merrill Lynch deal was fraught with problems, most of which were front-page news. One area of skepticism was the disparate cultures of the firms--Merrill Lynch was all about Wall
A new wrinkle in the CDS automation race
As Wall Street aims for automated clearing and settling of credit default swap trades, most of the attention has been on competing platforms offered by CME-Citadel and the ICE/Clearing Corp. But
Hedge funds' need for technology not abating
This is one of the worst times ever for hedge funds. Many are more focused on survival and than rolling out new systems, which is completely understandable. A Tabb Group report notes that even
